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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2023\/05\/31\/measurabl-an-esg-platform-for-real-estate-raises-93m\/<\/a><\/br> Measurabl<\/a>, a startup developing a platform for environmental, social and governance (ESG) data in the real estate space, today announced that it raised $93 million in a Series D funding tranche co-led by Energy Impact Partners and Sway Ventures.<\/p>\n The round, which Measurabl CEO Matt Ellis described as oversubscribed, brought the company\u2019s total raised to more than $170 million. Moderne Ventures, WVV, Suffolk Construction, Broadscale, Camber Creek, Salesforce Ventures, Building Ventures, Constellation Technology Ventures, Concrete Ventures, RET Ventures, Colliers and Lincoln Property Company were among the others participating.<\/p>\n \u201cThis funding allows Measurabl to further enhance its market-leading ESG technologies, expand to new geographies and ensure the real estate industry has the investment grade data necessary to transition to a sustainable, profitable future for all,\u201d Ellis told TechCrunch in an email interview.<\/p>\n Measurabl, founded in 2013 by Ellis, the former director of sustainability solutions at CBRE, the commercial real estate services and investment firm, is riding the wave of startups in the ESG sector attracting serious venture backing. Measurabl offers tools for managing, benchmarking, reporting and tracking the sustainability of a real estate business, from building-level operations to boardroom and capital markets activities.<\/p>\n Measurabl\u2019s tech can automate the collection of electricity, water, fuel, district and waste data from utilities, for example. Or it can maintain social and governance documents alongside environmental data.<\/p>\n \u201cMeasurabl\u2019s \u2026 solutions are critical for companies seeking to streamline their operations and gain a competitive edge in an increasingly data-driven world,\u201d Brian Nugent, a general partner at Sway Ventures, said in an emailed statement. \u201cAs the real estate industry moves toward a more sustainable future, Measurabl\u2019s innovative approach to data management will be essential in providing investment-grade reporting and analysis. This is not just a matter of meeting ESG standards; it is a financial imperative.\u201d<\/p>\n According to a Dow Jones survey<\/a>, ESG investments are projected to more than double in the next three years, accounting for 15% of all investments by 2025. But recent U.S. political headwinds, such as an attempt spearheaded by Senate and House Republicans to overturn a Labor Department rule allowing retirement plans to consider ESG factors when making investment decisions, threaten to depress the market\u2019s growth.<\/p>\n Case in point: During the final months of 2022, investors pulled nearly $6.2 billion more out of sustainable funds than they put in, according to Morningstar<\/a>.<\/p>\n Measurabl\u2019s successful financing would suggest that there\u2019s still an appetite for ESG, though. The company\u2019s momentum most likely had something to do with it; Measurabl has over 1,000 customers and claims to be used by 40% of global real estate asset managers.<\/p>\n Another factor in Measurabl\u2019s favor is the increasing pressure on the real estate market to change \u2014 often in the form of municipal-level carbon emissions laws. (According to one source<\/a>, real estate drives roughly 39% of total worldwide emissions \u2014 much of it generated by manufacturing materials used in buildings and the rest from the buildings themselves and generating energy to power the buildings.) Estimates out of the U.N. climate conference COP26 suggest that $14 trillion of buildings will be uninsurable over the next 20 years if they don\u2019t meet climate and efficiency standards.<\/p>\n \u201cMeasurabl is the world\u2019s most widely adopted ESG data management platform for real estate,\u201d Ellis said. \u201c[Customers use it to] decarbonize buildings, mitigate physical climate risk, comply with regulation and underwrite sustainability risks in real estate transactions.\u201d<\/p>\n<\/p><\/div>\n <\/br><\/br><\/br><\/p>\n
\nMeasurabl, an ESG platform for real estate, raises $93M<\/br>
\n2023-06-01 22:31:47<\/br><\/p>\n